Sell-off in Adani stocks halts after eight days
1 year, 10 months ago

Sell-off in Adani stocks halts after eight days

Live Mint  

The sell-off in Adani group stocks halted on Tuesday as the group unveiled more steps to restore investor confidence and reduce its debt, including a plan to repay Adani Ports and Special Economic Zone Ltd’s loans worth ₹5,000 crore by March next year. “For FY24, we are targeting an Ebitda of ₹14,500-15,000 crore and expect to reduce net debt to Ebitda ratio to 2.5X after factoring in capex of ₹4,000-4,500 crore and loan repayment of ₹5,000 crore, which also includes some prepayment,” said Karan Adani, chief executive and director of Adani Ports, after the release of the company’s earnings. The sell-off prompted the group to pull Adani Enterprises’ ₹20,000 crore share sale last week and caused a slump in Adani stock and overseas bond prices. Nifty constituent Adani Ports said net profit fell 16% from a year earlier to ₹1,315 crore for the December quarter, missing Bloomberg consensus estimates of ₹1,502 crore.

Stocks Market Ports Crore Group Quarter Adani  crore  ebitda  net  market  stocks  loss  halts  days  quarter  group  ports  selloff  adani

History of this topic

Adani Group in early talks with investors, lenders to refinance $1.1 billion green energy arm loans
1 week, 5 days ago

Adani Group in early talks with investors, lenders to refinance $1.1 billion green energy arm loans

Live Mint  

The Adani Group has initiated talks with a clutch of investors and banks to refinance $1.1 billion worth of loans of Adani Green Energy Ltd, two persons aware of the discussions said on condition of anonymity. “While the dollar market offers higher tenures, domestic institutions are also offering meaningful long tenures of 10-15 years for extending the refinancing facility," said …

Shares of 6 Adani Group companies, out of 11 listed, decline in mid-session deals
1 week, 6 days ago

Shares of 6 Adani Group companies, out of 11 listed, decline in mid-session deals

Hindustan Times  

Shares of six Adani Group firms, out of 11 listed companies, declined in the mid-session deals on Wednesday, with Adani Green Energy falling more than 2 per cent. The scrip of Adani Green Energy slipped 2.46 per cent to ₹1,147.30 apiece, Adani Ports and Special Economic Zone was down by 1.13 per cent, Adani Power, Adani Energy Solutions and Adani …

Stocks to watch today: Adani Ports, Bajaj Auto, NTPC Green Energy
Trending News
1 week, 6 days ago

Stocks to watch today: Adani Ports, Bajaj Auto, NTPC Green Energy

India Today  

The stock markets have remained range-bound in recent sessions, with indices closing flat as the momentum from earlier rebounds has slowed after a new governor for the Reserve Bank of India was announced and a change in policies could be on the cards. Today, several stocks are likely to be in focus due to recent news and developments, such as …

Why it's a rocky road ahead for Adani Group
2 weeks, 6 days ago

Why it's a rocky road ahead for Adani Group

India Today  

Gautam Adani’s biographer calls him ‘destiny’s child’. However, a US court indictment which said that, starting in 2020, top honchos of Azure Power—an Indian solar power producer that was listed on the New York Stock Exchange—connived with Adani and two of his senior executives to give $265 million in bribes to government officials across five Indian states in return for …

Adani Group Shares Rally: Adani Ports Leads Gains As Sensex, Nifty Surge
3 weeks ago

Adani Group Shares Rally: Adani Ports Leads Gains As Sensex, Nifty Surge

ABP News  

Shares of seven Adani Group companies ended higher on Tuesday, with Adani Ports and Special Economic Zone leading the charge with a 6.02 per cent gain, emerging as the top performer among Sensex and Nifty firms. Other Adani Group stocks also witnessed upward movement on the BSE, with Ambuja Cements rising 5.15 per cent, ACC climbing 2.56 per cent, Adani …

Adani Green Energy Shares Surge 9% Amid Allegations; Gautam Adani Asserts Resilience
3 weeks, 1 day ago

Adani Green Energy Shares Surge 9% Amid Allegations; Gautam Adani Asserts Resilience

ABP News  

Shares of Adani Green Energy Ltd witnessed a sharp jump of 9 per cent on Monday, trading at Rs 1,445 on the BSE, following a defiant statement from Adani Group chairman Gautam Adani. Performance of Adani Group Stocks While Adani Green Energy saw significant gains, other group stocks showed mixed results: Adani Ports rose 2 per cent, Ambuja Cements gained …

Explained: Why Adani Green Energy share price rose 9% today
3 weeks, 1 day ago

Explained: Why Adani Green Energy share price rose 9% today

India Today  

Shares of Adani Green Energy Ltd saw a rise in Monday's early trade, surging 9.09% to hit a day high of Rs 1,445. The primary trigger for today’s rise was a statement from the Adani Group’s Chief Financial Officer Jugeshinder Singh, indicating plans to revive a previously scrapped dollar bond offering between April and June 2025. Recently, Adani Green Energy …

Adani group stocks: Why Adani Green Energy shares will be in focus today
3 weeks, 1 day ago

Adani group stocks: Why Adani Green Energy shares will be in focus today

India Today  

Shares of Adani Green Energy Ltd are expected to draw investor attention today following significant developments within the Adani group. Adani group’s Chief Financial Officer, Jugeshinder Singh, said that they may consider reviving their previously scrapped dollar bond between April and June next year. The group is also exploring the possibility of public bond sales for other firms within the …

Adani Green, Adani Energy Solutions jump after F&O inclusion
3 weeks, 3 days ago

Adani Green, Adani Energy Solutions jump after F&O inclusion

Live Mint  

The inclusion of Adani Green Energy and Adani Energy Solutions in the futures and options segment of the National Stock Exchange drew huge participation from traders and investors, sending these two stocks soaring. Friday's outsized gains helped the shares of Adani Green Energy and Adani Energy Solutions contribute the most to investor wealth creation within the eleven Adani group's listed …

Adani Power Share Price Today on 29-11-2024: Adani Power share price are down by -1.11%, Nifty up by 0.88%
3 weeks, 4 days ago

Adani Power Share Price Today on 29-11-2024: Adani Power share price are down by -1.11%, Nifty up by 0.88%

Live Mint  

Adani Power Share Price Today on 29-11-2024: At 29 Nov 11:24 today, Adani Power shares are trading at price ₹554, -1.11% down from the previous closing price. On the technical front, the stock is trading above the 5,10,20 days SMA & lower than the 50,100,300 day SMA. The stock will have support at 5,10,20 days SMA & face resistance at …

Japanese Banks sticking with Adani as Jefferies, Barclays review ties
3 weeks, 4 days ago

Japanese Banks sticking with Adani as Jefferies, Barclays review ties

Live Mint  

-- Japan’s biggest banks plan to maintain ties to billionaire Gautam Adani despite US bribery charges, even as other global firms including Barclays Plc are reassessing their exposure to the Indian conglomerate. Mizuho Financial Group Inc. expects the latest saga surrounding Adani won’t have a long-lasting impact and intends to continue supporting the group, according to people familiar with the …

Adani group stocks gain up to 14% for third day in a row: Adani Green Energy , Adani Energy Solutions lead the gains
3 weeks, 4 days ago

Adani group stocks gain up to 14% for third day in a row: Adani Green Energy , Adani Energy Solutions lead the gains

Live Mint  

Stock Market today: Adani group companies saw their share price gain up to 14% for third day in a row. Adani Green Energy Ltd share price led the gains rising up to 14% in the morning trades on Friday. Adani Total Gas share price saw rise of up to 5% closely followed by Adani Power share price seeing similar gains …

Adani Green, Adani Energy Solutions: Why these Adani Group stocks are surging today
Trending News
3 weeks, 4 days ago

Adani Green, Adani Energy Solutions: Why these Adani Group stocks are surging today

India Today  

Adani Group stocks rallied sharply on Friday, climbing up to 15% as investors responded positively to clarifications on the US bribery case and assurances of financial stability. Most other Adani Group stocks also registered gains in early trade. The rally comes after Japan’s largest lenders, including Mizuho Financial Group, Sumitomo Mitsui Financial Group, and Mitsubishi UFJ Financial Group, reportedly reaffirmed …

Adani Power Share Price Today on 28-11-2024: Adani Power share price are up by 8.2%, Nifty down by -0.78%
3 weeks, 5 days ago

Adani Power Share Price Today on 28-11-2024: Adani Power share price are up by 8.2%, Nifty down by -0.78%

Live Mint  

Adani Power Share Price Today on 28-11-2024: At 28 Nov 11:09 today, Adani Power shares are trading at price ₹566.75, 8.2% up from the previous closing price. On the technical front, the stock is trading above the 5,10,20 days SMA & lower than the 50,100,300 day SMA. The stock will have support at 5,10,20 days SMA & face resistance at …

Adani group shares rise up to 18% for second straight session led by Adani Total Gas. More steam left?
3 weeks, 5 days ago

Adani group shares rise up to 18% for second straight session led by Adani Total Gas. More steam left?

Live Mint  

Stock Market Today: After rallying up to 18% in intra-day trade on Thursday, November 28, Adani group shares ended on a mixed note amid profit booking following a sharp two-day rally and weakness in the broader market indices. Adani Group gained in early trade today after Adani Green Energy issued a clarification on Tuesday, refuting bribery charges against Gautam Adani …

Adani group stocks extend winning streak, rally up to 12% today
Top News
3 weeks, 5 days ago

Adani group stocks extend winning streak, rally up to 12% today

India Today  

Adani group shares continued their positive momentum and extended their rally on Thursday with its stocks gaining up to 10% in early trade. The shares of the conglomerate have seen a recovery after the Adani group issued a clarification on charges of bribery by US authorities. The rally follows a clarification by Adani Green Energy Ltd on Wednesday that dismissed …

Adani Total Gas share price jumps 16% in early trade. What's driving the rally?
3 weeks, 5 days ago

Adani Total Gas share price jumps 16% in early trade. What's driving the rally?

India Today  

Shares of Adani Total Gas surged 16% in early trade on Thursday, continuing the recovery seen across Adani Group stocks. The rebound follows a clarification from Adani Green Energy addressing concerns over allegations of bribery by US authorities, which had initially caused a sharp dip in the group’s stocks. In its statement, Adani Green Energy clarified that key executives, including …

Adani Shares Soar As Bribery Allegations Clear; Market Cap Jumps Rs 1.2 Lakh Crore
Top News
3 weeks, 6 days ago

Adani Shares Soar As Bribery Allegations Clear; Market Cap Jumps Rs 1.2 Lakh Crore

ABP News  

Adani Group witnessed a significant turnaround in investor sentiment on Wednesday, with its market capitalisation swelling by Rs 1.2 lakh crore in a single trading session. This remarkable 10 per cent surge came as legal clarifications eased concerns over alleged bribery charges, which had previously dampened confidence. Leading the rally were Adani Power and Adani Total Gas, both of which …

Stock market today: Nifty 50, Sensex close higher on rebound in Adani stocks; smallcaps outperform
3 weeks, 6 days ago

Stock market today: Nifty 50, Sensex close higher on rebound in Adani stocks; smallcaps outperform

Live Mint  

Indian Stock Market: Indian benchmark indices experienced significant volatility in today’s session, November 27, as a rebound in Adani Group stocks was offset by weak performances from index heavyweights, leading to wide fluctuations throughout the day. Adani Group stocks surge after clarification on bribery charges All 11 Adani Group stocks closed higher in Wednesday's session following a clarification issued by …

Adani Group Stocks Rebound; Shares Surge Amid Bribery Allegations
Top News
3 weeks, 6 days ago

Adani Group Stocks Rebound; Shares Surge Amid Bribery Allegations

ABP News  

Shares of Adani Group companies saw a significant rally during morning trade on Wednesday, recovering from the losses incurred the previous day. Adani Energy Solutions led the surge, soaring 7.71 per cent, followed by gains in other group companies, signaling investor confidence despite ongoing allegations against the conglomerate. Adani Power climbed 5.96 per cent, Adani Total Gas rose 4.70 per …

Adani group stocks surge up to 16% post clarification by Adani Green; Adani Total Gas top gainer
3 weeks, 6 days ago

Adani group stocks surge up to 16% post clarification by Adani Green; Adani Total Gas top gainer

Live Mint  

Stock Market Today: Adani group stocks rebounded on Wednesday, gaining up to 16% post clarification issued by Adani Green Energy regarding bribery charges against Gautam Adani and others. Adani Total Gas share price surged 16% and was the top gainer, followed by Adani Power and Adani Green, whose share price skyrocketed up to 8%. Adani Group stocks rise up to …

Adani Power Share Price Today on 27-11-2024: Adani Power share price are up by 5.28%, Nifty down by -0.08%
3 weeks, 6 days ago

Adani Power Share Price Today on 27-11-2024: Adani Power share price are up by 5.28%, Nifty down by -0.08%

Live Mint  

Adani Power Share Price Today on 27-11-2024: At 27 Nov 11:08 today, Adani Power shares are trading at price ₹460.85, 5.28% up from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. …

Sensex, Nifty end higher as Adani stocks rally up to 20%
Trending News
3 weeks, 6 days ago

Sensex, Nifty end higher as Adani stocks rally up to 20%

India Today  

Benchmark stock market indices closed higher on Wednesday as they made a brief rally driven by a surge in Adani group shares after the conglomerate issued a clarification on the bribery charges by US authorities. "This recovery followed a clarification from Adani Green Energy Ltd regarding recent allegations of bribery and corruption against key executives, including Gautam Adani and his …

Adani Group stocks gain up to 17% after clarification on US bribery charge
3 weeks, 6 days ago

Adani Group stocks gain up to 17% after clarification on US bribery charge

India Today  

Shares of Adani Group companies, including Adani Green Energy Ltd, Adani Power Ltd, Adani Energy Solutions Ltd, and Adani Enterprises Ltd, saw gains in Wednesday's trade. ADANI GROUP STOCKS GAIN SHARPLY Adani Green Energy shares were trading at Rs 988.40, up 10% as of 11 AM. Adani Total Gas Ltd rose 17.68% to Rs 681.95, Adani Wilmar Ltd increased 9.28% …

Adani Group shares rally after clarification on US bribery charges. Is the worst over?
Trending News
3 weeks, 6 days ago

Adani Group shares rally after clarification on US bribery charges. Is the worst over?

India Today  

Adani Group shares surged on Wednesday, rallying by up to 20% after a clarification from Adani Green Energy addressed concerns related to US bribery charges. Other group companies, including Adani Green Energy, Adani Energy Solutions, Adani Ports and Special Economic Zone, and Adani Wilmar, saw gains ranging from 8% to 10%. The rally followed a statement from Adani Green Energy …

Adani Green Denies New Financial Commitment With TotalEnergies
4 weeks ago

Adani Green Denies New Financial Commitment With TotalEnergies

ABP News  

Adani Green Energy Limited on Tuesday refuted reports claiming that French energy giant TotalEnergies had suspended new financial commitments to the company following allegations from the US Securities and Exchange Commission. On Monday, French energy conglomerate TotalEnergies announced it would halt further investments in Adani Group companies due to corruption allegations filed by the US SEC. The allegations, submitted in …

No money given to Adani so far for Sri Lankan port project, says US development agency
4 weeks ago

No money given to Adani so far for Sri Lankan port project, says US development agency

Live Mint  

Mumbai: The US International Development Finance Corporation, which last year committed a half-a-billion-dollar loan to the Adani group for developing a port in Sri Lanka, has not yet disbursed any money to the Indian conglomerate. Incidentally, GQG Partners informed its investors last week that it had built up positions in Adani group companies as new data emerged, including the DFC’s …

Adani Total Gas Share Price Today on 26-11-2024: Adani Total Gas share price are down by -1.2%, Nifty down by -0.05%
4 weeks ago

Adani Total Gas Share Price Today on 26-11-2024: Adani Total Gas share price are down by -1.2%, Nifty down by -0.05%

Live Mint  

Adani Total Gas Share Price Today on 26-11-2024: At 26 Nov 11:24 today, Adani Total Gas shares are trading at price ₹593.55, -1.2% down from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & …

Adani Power Share Price Today on 26-11-2024: Adani Power share price are down by -0.66%, Nifty down by -0.09%
Top News
4 weeks ago

Adani Power Share Price Today on 26-11-2024: Adani Power share price are down by -0.66%, Nifty down by -0.09%

Live Mint  

Adani Power Share Price Today on 26-11-2024: At 26 Nov 11:07 today, Adani Power shares are trading at price ₹443.9, -0.66% down from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. …

More trouble for Adani Group as Moody's downgrades outlook for 7 firms
4 weeks ago

More trouble for Adani Group as Moody's downgrades outlook for 7 firms

India Today  

The Adani Group is facing increased scrutiny as Moody’s Ratings announced a downgrade of its outlook for seven companies within the group. REASONS FOR THE DOWNGRADE The downgrade comes in the wake of legal troubles involving Gautam Adani, the chairman of Adani Green Energy Ltd, and senior members of the group’s management. AFFECTED ENTITIES The companies affected by Moody’s revised …

Adani Green clarifies on French oil major's 'pausing new funding' message
4 weeks ago

Adani Green clarifies on French oil major's 'pausing new funding' message

India Today  

Adani Green Energy ADNA.NS said on Tuesday there is no new financial commitment under discussion with TotalEnergies TTEF.PA, a day after the French oil major said it was pausing new investments into the Adani Group over US bribery charges. TotalEnergies' move was the first major fallout after US authorities last week charged Adani's billionaire chairman, Gautam Adani, and seven other …

Adani Group says companies have sufficient liquidity, assures investors about servicing debt obligations
Trending News
4 weeks, 1 day ago

Adani Group says companies have sufficient liquidity, assures investors about servicing debt obligations

Live Mint  

New Delhi, Nov 25 Billionaire Gautam Adani's conglomerate on Monday showcased its cash reserves and profits that are enough to service debt obligations as well as meet growth plans as it reassured investors about business as usual despite a US bribery indictment against the founder. The ports-to-energy conglomerate, whose chairman Adani and two other executives have been indicted in a …

Adani bonds slide to year low as investors and lenders weigh bribery allegations
4 weeks, 1 day ago

Adani bonds slide to year low as investors and lenders weigh bribery allegations

Live Mint  

Adani dollar bond prices fell on Monday to almost one-year lows, as investors cut their exposure to the Indian conglomerate and some bankers considered pausing fresh lending in the wake of bribery and fraud accusations by U.S. authorities The group's billionaire chairman, Gautam Adani, and seven other people were last week charged with agreeing to pay around $265 million in …

Adani Group Stocks Surge Amid Equity Market Rally; NDTV Shares Slip
4 weeks, 1 day ago

Adani Group Stocks Surge Amid Equity Market Rally; NDTV Shares Slip

ABP News  

Nine of the 10 listed Adani Group firms saw a strong surge in morning trade on Monday, aligning with a broader rally in the equity markets. Adani Energy Solutions saw its stock rise by 6.89 per cent, while Adani Green Energy climbed 6.42 per cent. Other significant gainers included Adani Total Gas, which advanced 5.33 per cent, Adani Ports up …

Adani touts financial muscle, says can grow without external debt
4 weeks, 1 day ago

Adani touts financial muscle, says can grow without external debt

The Hindu  

Billionaire Gautam Adani's conglomerate on Monday showcased its cash reserves and profits that are enough to service debt obligations as well as meet growth plans as it reassured investors about business as usual despite a U.S. bribery indictment against the founder. Gautam Adani indictment: In-depth coverage The ports-to-energy conglomerate, whose chairman Mr. Adani and two other executives have been indicted …

Adani Power Share Price Today on 25-11-2024: Adani Power share price are up by 1%, Nifty up by 1.67%
Top News
4 weeks, 1 day ago

Adani Power Share Price Today on 25-11-2024: Adani Power share price are up by 1%, Nifty up by 1.67%

Live Mint  

Adani Power Share Price Today on 25-11-2024: At 25 Nov 11:11 today, Adani Power shares are trading at price ₹465.35, 1% up from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. …

Adani bulls cut positions before news of US indictment
4 weeks, 1 day ago

Adani bulls cut positions before news of US indictment

Live Mint  

Mumbai: Two days before a US court indicted senior officials of Adani Green Energy for allegedly bribing Indian state government officials to secure lucrative power contracts, bulls on two of the group companies' derivatives counters slashed their long positions, saving them from massive losses that hit the group shares after the news broke. Interestingly, certain traders holding futures positions of …

Telangana CM Revanth Reddy refuses to accept Adani's Rs 100 cr donation: 'It would dent image'
4 weeks, 1 day ago

Telangana CM Revanth Reddy refuses to accept Adani's Rs 100 cr donation: 'It would dent image'

India TV News  

Telangana Chief Minister A Revanth Reddy on Monday took a U-turn on the Rs 100 crore donation announced by Adani Group chairman Gautam Adani to a university being set up in the state. 'It would dent the image of the state government' The chief minister, while addressing a press conference, said the decision was taken since Adani's announcement gave rise …

Total Energies pauses investments into Adani Group on bribery charges
4 weeks, 1 day ago

Total Energies pauses investments into Adani Group on bribery charges

Al Jazeera  

The impact of a US indictment of the group’s chairman is spreading as multiple projects say they are reviewing deals with Adani. French oil major TotalEnergies has halted investments in the Adani Group after the Indian ports-to-power conglomerate was engulfed in a crisis over an alleged multimillion-dollar bribery scheme. The US indictment document said that following the payment of alleged …

Adani firm downplays Kenya scrapping $736 million power deal: No material impact
1 month ago

Adani firm downplays Kenya scrapping $736 million power deal: No material impact

India Today  

Adani Energy Solutions said on Saturday that Kenya's cancellation of a $736 million transmission line project did not require it to make any regulatory disclosure under Indian stock exchange rules as it was within its ordinary course of business. "Further, the Company hereby submits that there is no material impact of the Media Report on the operations of the Company," …

Adani case fallout: CM Naidu promises action
1 month ago

Adani case fallout: CM Naidu promises action

Hindustan Times  

Andhra Pradesh promised on Friday to look into and “act” on charges that the Adani Group and its top executives paid massive bribes in the state for solar power contracts, while the Congress vowed to press for action in Parliament and global banks began reviewing fresh credit to the conglomerate, as fallout intensified from the US indictment of Gautam Adani …

Friday’s relief rally after Adani shock leaves investors richer by ₹7.27 trillion
1 month ago

Friday’s relief rally after Adani shock leaves investors richer by ₹7.27 trillion

Live Mint  

Mumbai: Indian markets were quick to recover from the shock of the Adani group bribery charges, surging to a nearly six-month high and snapping off a two-week slump on Friday. Adani group stocks fared better than on Thursday, when the ports-to-renewables conglomerate lost ₹2.24 trillion in market cap after US prosecutors indicted chairman Gautam Adani and other executives in an …

Adani Group stocks in trouble again! What should investors do now?
1 month ago

Adani Group stocks in trouble again! What should investors do now?

Live Mint  

Adani Group stocks experienced a rollercoaster trading session on November 22, rebounding sharply after falling by around 10% in early trades. U.S. prosecutors indicted Adani Group Chairman Gautam Adani, his nephew Sagar Adani, and others on charges of orchestrating a $265 million bribery and fraud scheme to expand the group’s solar energy business. He noted that heightened scrutiny and unresolved …

Adani group shares stage a sharp rebound; Adani Green Energy, Adani Enterprises, Adani Ports shares surge up to 6%
1 month ago

Adani group shares stage a sharp rebound; Adani Green Energy, Adani Enterprises, Adani Ports shares surge up to 6%

Live Mint  

Adani group stocks, including Adani Enterprises, Adani Ports & SEZ, Adani Power and Adani Total Gas, staged a decent rebound from early losses to trade in the green on Friday. The price movement in Adani group shares comes after a sharp slump seen in the previous session following the latest news on Gautam Adani's scrutiny by the US court. Adani …

Adani Group stocks, bonds fall for a second day after founder's US indictment
1 month ago

Adani Group stocks, bonds fall for a second day after founder's US indictment

Deccan Chronicle  

Stocks and bonds of India's Adani Group dropped for a second session on Friday after a U.S. arrest warrant was issued for its billionaire founder Gautam Adani over an alleged 265 million dollars bribery scheme. U.S. prosecutors have charged Adani and seven other people with agreeing to pay bribes to Indian government officials to obtain contracts that could yield 2 …

Gautam Adani news: Adani shares extend selling for second straight session; lose up to 28% in two days
1 month ago

Gautam Adani news: Adani shares extend selling for second straight session; lose up to 28% in two days

Live Mint  

Gautam Adani news: Following the latest news on Gautam Adani's scrutiny by the US court, Adani Group shares extended the selling spree for the second straight day. Adani Green share price today opened at ₹1,085 apiece on the NSE and touched an intraday low of ₹1,021 apiece, logging around 28 per cent correction in the last two straight sessions. Other …

Stocks to Watch: Adani Group stocks, Raymond, Vedanta, Hyundai Motor, SJVN and more
1 month ago

Stocks to Watch: Adani Group stocks, Raymond, Vedanta, Hyundai Motor, SJVN and more

Live Mint  

Here’s a quick look at stocks likely to be in focus in today's trade. Adani Stocks: Gautam Adani, his nephew Sagar Adani, and associates have been charged by U.S. authorities with defrauding investors and paying $265 million in bribes to Indian officials for solar energy contracts. Amid these allegations, Kenyan President William Ruto canceled deals with the Adani Group, including …

Adani indictment rocks equities and bonds alike
1 month ago

Adani indictment rocks equities and bonds alike

Live Mint  

Adani group executives’ indictment in a bribery case in the US roiled the Indian markets, with the conglomerate’s stocks taking a massive hit in the ensuing selloff. A $250 million bribery scheme aimed at influencing Indian officials to secure favourable solar power contracts for Adani Green Energy Ltd and New Delhi-based Azure Power Global Ltd. Shankar Sharma, founder of wealth …

How did Adani's wealth plummet by $12 billion in just one day amid US bribery scandal?
1 month ago

How did Adani's wealth plummet by $12 billion in just one day amid US bribery scandal?

India TV News  

Gautam Adani, once among the world’s richest individuals, saw his wealth take a dramatic hit on Thursday, losing a staggering $12 billion in a single day. Additionally, the group’s energy arm, Adani Green Energy, is accused of misleading investors by issuing false statements in raising over $3 billion in loans and bonds. The charges also sent Adani Group stocks into …

Adani Group shares trade lower for second consecutive day amid US bribery allegations
1 month ago

Adani Group shares trade lower for second consecutive day amid US bribery allegations

India TV News  

Shares of eight out of ten listed Adani Group companies witnessed a sharp decline during Friday’s morning trade following charges against billionaire Gautam Adani by US prosecutors. Shares of Adani Power tanked 6.38 per cent, Adani Total Gas went lower by 6.11 per cent, Adani Ports declined 5.31 per cent, Adani Wilmar plunged 5.17 per cent to hit the one-year …

Discover Related